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Again, that's just what I heard from guys who trade it. But the only way
to verify this is to find a firm that trades it and go through the month
by month results.....
-----Original Message-----
From: Gary Fritz [mailto:fritz@xxxxxxxx]
Sent: Monday, September 29, 2003 12:07 PM
To: omega-list@xxxxxxxxxx
Subject: RE: End of day systems
> Aberration is down over 50% this year from what I heard, but you would
> want to verify this yourself.
The Aberration website hasn't been updated in a year, and your
results are going to depend on the portfolio you trade.
According to some other sources it looks like Aberration did
great in Dec-Jan-Feb (>20% per month) but stumbled some after
that. As of the end of July it was up 8.9% for the year. I
think that was for the large portfolio.
Any kind of long-term breakout system like that is going to
suffer equity swings, but if you stick it out you should do OK.
I have a friend who trades a very simple breakout system, and he
expects (and has been seeing) roughly 50-100% returns per year
with frequent 50% drawdowns. The Aberration website shows an
average of $31k per year for the last 20 years on their large
portfolio, which is aimed at a $50-100k account. Now whether
there has been after-the-fact portfolio tweaking or other games I
don't know, but those kinds of returns are certainly possible
with long-term systems.
Gary
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